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Horizon Gold Ltd.
Summary
| Project: | Gum Creek | |
|---|---|---|
| Deposit: | Altair | |
| Location: | Australia | |
| Commodities: | Zinc-Copper | |
| Date: | 2/13/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-2-2019: Horizon Gold Ltd. announces an Exploration/Drilling Update report for its Altair deposit at the Gum Creek project. Drilling results incl. 38.0m @ 1.89% Zn, 0.64% Cu from 97.0m. Non-Executive Chairman, Peter Harold, said “we are delighted to rep | |
| Resources: | (Resource, I+I): 17.303Mt @ 2.25g/t Au for 1.25Moz Au contained at Gum Creek | |
| CP/QP: | [Overall Report]: John Hicks (Panoramic Resources Ltd.) | |
| ABSTRACT: | Non-Executive Chairman, Peter Harold, said “we are delighted to report the final broad new intercepts from the 2018 drill program at Altair. All assays results have now been received for this drill program which has greatly improved our understanding of the orientation of this exciting new discovery and has provided us with clear vectors to chase potential extensions. The next drill program has now commenced, and we look forward to reporting further encouraging results from Altair in due course.” Details Horizon Gold Limited (ASX Code: HRN) (Horizon or the Company) is pleased to provide this update on activities at the Altair Prospect at Gum Creek (Figure 1). On 4 October 2018, the Company announced details of a highly significant zinc-copper intercept in drill hole ALDD002 at Altair1 . On 23 October 2018, the Company released the final assay results for ALDD002 and announced plans to commence a follow-up surface diamond drill program at Altair2 . On 6 November 2018, a follow-up eight-hole drill program commenced and was completed on 8 December 2018, for a total of 2,648 drill metres. The aim of the program was to provide a clearer understanding of the geological setting and orientation of the Altair Zn-Cu mineralisation by drilling a pattern of close-spaced holes around ALDD002 (Figure 2). The holes were drilled with reverse circulation (RC) pre-collars and NQ2 diamond core tails. | |
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